MBA

All about MBA | Type, Subjects, Salary, Syllabus, Scope of MBA

Contents:

What is MBA?
What is the Full Form of MBA?
What are the Subjects in MBA?
What are the Types of MBAs?
What is the Scope of an MBA?
What is the Salary of MBA Holder?
What is the Syllabus of MBA?
What is the most popular MBA course?
What are the Pros and Cons of the MBA course?

What is MBA?

A Master in Business Administration (MBA) is an academic degree course during which one learns top business management skills.

This degree is internationally recognized and enables holders to be appointed to top corporate and company management positions with lucrative salaries or to start their own businesses successfully.

What is the Full Form of MBA?

MBA stands for Master in Business Administration

What are the Subjects in MBA?

There is a wide range of core subjects that students study. These include:

Marketing,
HR Management,
Business Planning,
Finance Management,
Principles of Management,
Business Laws,
Communication Skills,
Entrepreneurship,
Business Communication,
Computer Application,
Organizational Behaviour,
Taxation,
Retail Management,
Project Work,
Economics and
Business Environment.

During the course, a core set of subjects are studied covering

Accounting,
Economics,
Marketing and Operations

Students can also specialize in subjects geared for their future types of business careers.
A breakdown of top subjects include:

General Management,
International Management,
Strategy,
Consulting,
Finance Leadership,
Entrepreneurship,
Marketing and advertising,
Operations Management,
Information Technology (IT) or Technology Management.

Some MBAs in countries, such as the US, Canada, UK, and Australia allow students to choose or add specialized MBA courses to suit the current economy of a country.

What are the Types of MBAs?

Students can study for an MBA (Master in Business Administration) in a variety of ways. They can study for one year or two years full time or they can study part-time or online. The two-year course has often been the norm. There is also the option for candidates with years of managerial experience to do an executive MBA course.

What is the Scope of an MBA?

People with MBAs are in big demand around the world as this degree is considered one of the most prestigious in the world. MBA holders can follow their chosen top careers and climb the corporate ladder rapidly. Their highly successful business status in society can make them sought out by their peers, enabling them to become respected global leaders in their fields.

Having the degree accelerates one's career, providing leading-edge business acumen that enables one to not only run large corporates but to become entrepreneurs or pioneers, to start up and run their own companies successfully.
Holders of MBAs can aspire to and master top jobs in the world, such as

Investment Bankers,
Chief Financial Officers and,
Treasurers.

They study and learn every aspect of finance from accounting to operations, to management and marketing, to investment banking, to hedge funds, private equity, operational management, and corporate finance. Plus holders can develop extremely high analytical, communication, and leadership skills making them ideal candidates for the best and highest-paid positions in the world.

What is the Salary of MBA Holder?

MBA graduates can earn salaries of around $1000-k "₹ 75,000" (salary may vary according to time or place) if they already have professional business experience behind them. Graduates straight out from university earn less.

The highest-paid are those MBAs who have specialized in Strategy, followed by those specializing in Corporate Finance, earning on average (salary may vary) $80-k. Those who specialized in subjects, such as business, healthcare management average (salary may vary) $50-60-k. Those straight out of university without any business experience can start on a salary of 54-k (salary may vary).

What is the Syllabus of MBA?

Courses covered in the two-year program include:
MBA Semester I Syllabus

Organizational Behaviour,
Marketing Management,
Quantitative Methods,
Human Resource Management,
Managerial Economics,
Business Communication,
Financial Accounting,
Information Technology Management,

MBA Semester II Syllabus

Organization Effectiveness and Change,
Management Accounting,
Management Science,
Operation Management,
Economic Environment of Business,
Marketing Research,
Financial Management,
Management of Information System,
Business Ethics & Corporate Social Responsibility,
Strategic Analysis,
Legal Environment of Business,
Project Study,
International Business Environment, and Strategic Management.

What is the most popular MBA course?

General Management is consistently one of the most popular. General Management students learn a variety of management skills and perspectives that can be applied to organizations in any industry, from human resources and marketing to systems and UX.

Another popular course is Strategy owing to the highest salaries it attracts.

What are the Pros and Cons of the MBA course?

Pros of studying for an MBA:

MBA graduates are highly likely to land the highest management positions, compared to those with just a BA for example, as the latter find it difficult to push higher than a certain level within an organization.
MBAs tend to form friendships with their fellow peers who are also ambitious and career-driven and these friendships, as in social networking, prove beneficial in the advancement of their careers. The MBA (Master in Business Administration) degree gives its holders more confidence, plus leadership and disciplinary skills that also benefit their careers
An MBA enables holders to enter the financial and consulting industries. Having an MBA opens up opportunities in these industries were the MBA s can achieve higher salaries
Employers seek MBAs out as they are ambitions, highly skilled, and determined so they will benefit any organization.
Many good workers at an organization are keen (इच्छुक) to be promoted, but without an MBA they lack the management skills to improve the business.
Then some obtain an MBA so that they can become entrepreneurs. During their studies, students learn how to solve real-life business problems that they can apply to create successful businesses for themselves.

Cons of studying an MBA:

An MBA course is highly expensive, costing anything from 20-k to $100-k, without additional costs of accommodation and books.
It takes one to two years to study towards an MBA full time and longer if studying part-time. A full time one needs to consider the loss of wages throughout the study.
Part-time, the students have to work extremely hard and long hours so this can be taxing on relationships and family time. The latter will need to be most supportive.
Moreover, all MBA students will need great organization and discipline to stick to routines.
There is a drawback for those who study for an MBA before having any previous jobs in the business sector.
It is widely considered that students who have had experience in the business world gain far more from the course when they can relate it to themselves and their experience in the business so far.
In some industries, an MBA might not be useful for career advancement. Some employers may consider an MBA holder to be overqualified for the position.
Or the HR or financial director within a company, who conducts the interview may be afraid the candidate is a threat to his own position there, so he won’t hire him.
Then some company owners may think the MBA holder may get too bored at his company and soon push off, so hiring him is risky. Or they may fear higher salaries from another company may lure the MBA employee away.
So some MBAs, if there is a shortage of vacancies elsewhere, may end up unable to find any employment immediately.